ICREA / WorldProperties.com News OPP News ERE News
July 16, 2012
Following Schroder Real Estate Investment Trust Limiteds previously announced disposal of its investment in Plantation Place on May 2, 2012, the company announces that it has now repaid a further £12 million of debt, reducing its securitized loan from £163.5 million (approx. 208 million) to £151.5 million.
The repayment reduces the companys annual loan interest cost by a further £0.7 million from £9.4 million to £8.7 million and follows the previously announced debt repayment of £10 million